# Former CFO’s Mansion Sale Sparks Legal Battle | Detroit News

Page: https://stenobird.com/podcast/detroit-news-today-2-min-news-the-daily-news-now-7476185/former-cfo-s-mansion-sale-sparks-legal-battle-detroit-news
Text version: https://stenobird.com/podcast/detroit-news-today-2-min-news-the-daily-news-now-7476185/former-cfo-s-mansion-sale-sparks-legal-battle-detroit-news.md
Podcast: [Detroit News Today  | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/detroit-news-today-2-min-news-the-daily-news-now-7476185)
Published: 2026-09-11T17:01:46+00:00
Episode link: https://sources.thednn.ai/b4b415d9541390b9
Audio file: https://api.fastcast.ai/audio/d68fa139-9144-4054-a143-e6ea048d323c.mp3
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Duration seconds: 106

## Resource

Former Detroit Riverfront Conservancy CFO William Smith, now serving a 19-year sentence for stealing $44 million, is selling his $1.48M Novi mansion—with a pool, three-car garage, and luxury finishes—under court order to help recover stolen funds. Prosecutors say he lived extravagantly on the embezzled money, buying yachts, designer gear, and a nightclub, many of which carry heavy mortgages. The government has already cashed in on other assets, including a Southfield nightclub and a Georgia townhouse, but a legal battle looms: Smith’s ex-wife, Kimberly, claims the mansion and other assets were gifts or purchased with non-stolen funds, seeking to reclaim a major portion of the proceeds and retirement money. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/b4b415d9541390b9

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